The Kuttiyeri Service Co-operative Bank, initially registered as a multipurpose co-operative society on March 13, 1914, underwent a transformation into a cooperative society on November 5, 1961. Since March 7, 1980, it has been functioning as a cooperative bank. The Kanhirangad branch commenced its operations on February 25, 1990, followed by the Talor Pushpagiri branch on January 1, 1999, and the Karkk branch on December 6, 2004. Additionally, the main branch at Vellavu has been operational since May 1, 1997.
A’ Class and ‘C’ Class members are eligible for availing ‘Gold loan'
The loan will be issued on the security of gold ornaments
The maximum amount of a loan is fixed as Rs.500000/-
50% of the market value of gold ornaments will be disbursed as loan amount
The duration of the loan will be 30 days
The unreleased gold ornaments will be auctioned if the borrower fails to repay and there is no response from the part of the borrower after getting registered notices to repay the loan
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